Based on the balance sheets given for Just Dew It: a. Calculate the current ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Calculate the quick ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) C. Calculate the cash ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) d. Calculate the NWC to total assets ratio for each year. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) e. Calculate the debt-equity ratio and equity multiplier for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) f. Calculate the total debt ratio and long-term debt ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) 2020 2021 a. Current ratio times times b. Quick ratio times times c. Cash ratio times times % % times times d. NWC ratio e. Debt-equity ratio e. Equity multiplier f. Total debt ratio times times times times f. Long-term debt ratio times times Problem 3-17 Calculating Financial Ratios (LO2] Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. 2020 2020 2021 Assets Current assets Cash Accounts receivable Inventory JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities $ 19,440 Accounts payable 16,080 Notes payable 60,240 $ 11,250 11,850 39,150 $ 30,600 $ 49,200 24,900 31,200 Total $ 62,250 $ 95,760 Total $ 55,500 $ 80,400 Long-term debt $ 27,000 $ 24,000 Owners' equity Common stock and paid-in surplus $ 48,000 $ 48,000 Retained earnings 169,500 327,600 Net plant and equipment $ 237,750 $ 384,240 Total $ 217,500 $ 375,600 Total assets $ 300,000 $ 480,000 Total liabilities and owners' equity $ $ 300,000 480,000